• FMC has complemented its leadership team with Dr. Raj Jammy as President of Global Business Units & Chief Technology Officer (CTO), and Norm Armour as Chief Operating Officer (COO)
• With decades of experience in the global semiconductor industry the seasoned executives will support the company’s strategic growth
• FMC is set on path for accelerating the commercialization of its DRAM+ and 3D CACHE+ memory chips and system solutions, and expanding its global presence

Dresden, 22 January 2026 – FMC, a leading semiconductor and memory chip company, has announced the appointment of two C-level executives as part of its ambitious international growth strategy. These high-profile appointments follow FMC’s recent €100 million funding announcement and underscore the company’s ambition to build a state-of-the-art semiconductor manufacturing facility in Saxony-Anhalt, Germany.

Dr. Raj Jammy joins FMC as President Global Business Units & Chief Technology Officer (CTO) advancing FMC’s mission to deliver high performance DRAM+ and Cache+ memory solutions for power-efficient cloud and edge AI compute. As former President of imec USA and with nearly three decades of experience spanning advanced technology development, executive leadership, and public-private collaboration, and stages at MITRE Engenuity, Carl Zeiss, Intermolecular, and SEMATECH, he is an accomplished senior leader and thought leader in the global semiconductor industry, having served as advisor to inter alia the Secretary of Commerce on research and development priorities under the CHIPS for America program.

Norm Armour takes on the role of Chief Operating Officer (COO) to lead the global operations and quality organizations and to support FMC’s plan to build a Memory Fab near Magdeburg, Germany, and to increase Europe’s own memory production capacity. Amour is a seasoned semiconductor operations executive with more than 40 years of experience leading wafer fab and manufacturing organizations across both established industry leaders and high-growth technology companies, including overseeing major semiconductor fab greenfield constructions projects. He held senior leadership roles at GLOBALFOUNDRIES, LSI Logic, Western Digital and at Everspin Technologies.

Thomas Rückes, CEO of FMC, stated: “I am delighted to welcome Raj and Norm, two outstanding executives from the global semiconductor industry. These appointments represent a major step forward for FMC’s future growth as we redefine global industry standards for memory chips and system solutions while strengthening Europe’s semiconductor sovereignty and building a resilient, locally secure semiconductor supply chain.”

Dr. Raj Jammy, Chief Technology Officer, said: “I am thrilled to join FMC at such a transformative moment. The company’s vision for innovation aligns perfectly with my passion for advancing semiconductor technologies. I look forward to driving groundbreaking solutions that will further accelerate FMC’s position at the forefront of the industry.“

Norm Armour, Chief Operating Officer, added: “FMC’s strategic focus on operational excellence and growth presents an exciting opportunity. I am eager to optimize our manufacturing and supply chain capabilities, ensuring that our projects become benchmarks for efficiency, sustainability, and innovation in semiconductor development and production.“

About FMC

FMC is a leading semiconductor and memory chip company based in Dresden, founded in 2016 to develop revolutionary memory chip technology. Based on the thin-film material hafnium oxide, the company has created a new class of memory cells with its DRAM+ chip – more sustainable, faster, and cost-efficient. Thanks to its extremely low power consumption, the technology significantly reduces the energy demand of AI data centers, laying the foundation for their scale-up in Europe and worldwide. FMC is now a fabless company, meaning it designs, develops, and markets its own products while outsourcing production to contract manufacturers (chip foundries). FMC is backed by investors including HV Capital, the DeepTech & Climate Fund (DTCF), Vsquared Ventures, eCAPITAL, Bosch Ventures, Air Liquide Venture Capital, M Ventures (Merck), Verve Ventures, Korean memory chip company SK hynix, semiconductor equipment manufacturer TEL, and other international investors. The company is led by CEO Thomas Rückes. For more information, visit ferroelectric-memory.com

Media contact FMC

Torben Gosau, Kekst CNC
torben.gosau@kekstcnc.com
+49 (0) 160 969 435 17